A CrossStack sub-blog on the good, the bad, and the ugly in the world of finance
Very good point about the spread. In my personal experience illiquidity has led to some great outcomes — a feature, not a bug, of the security. It’s been with equity, though, so there’s an upside for owning the risk.
Very good point about the spread. In my personal experience illiquidity has led to some great outcomes — a feature, not a bug, of the security. It’s been with equity, though, so there’s an upside for owning the risk.